SOLD
Sold on 25 Mar 2024 for $2,300,000

17 Vietnam Street
Inala QLD 4077

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5815m2
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Property Details for 17 Vietnam St, Inala

Building Type
Land
Land Size
5815m2
Local Government
Brisbane
Lot/Plan
56/SP253034

Last Listing description (June 2024)

We want to share an exciting development opportunity. One of the last Development site opportunity in Brisbane City Council. Secure for Olympic Games 2032. We have an extraordinary piece of land available for purchase, situated in Brisbane City Council. measuring 5,815m?. This land has received Development Approval (DA) for 22 small detached lots on a Group Title Scheme, Current new DA now approved for 11 blocks. The average lot size is 400m2 Plus. It falls under the LMR3 zoning, allowing for low to medium density residential development of up to 3 storeys.

Nestled in a peaceful and quiet neighborhood, this property is the perfect retreat from the hustle and bustle of city life. The land is flat and clear, providing ample opportunities for landscaping and gardening.

Conveniently situated just 18 kilometers from Brisbane CBD, Approximately 23 minutes from Brisbane CBD, this property offers easy access to essential amenities, Richland Train Station, including Inala Shopping Plaza, Richlands Shopping Centre, Richland Home Co, KFC Restaurant, 7 eleven station and Glenala State and High Schools. Additionally, it is only a short drive away from the Ipswich Motorway.

Key details about the residential development site:
? Land Area: 5,815m?
? Current new DA approved for 11 blocks
? Property has a DA for 22 detached small lots on a Group Title Scheme
? Brisbane City Council
? Designated as Low-Medium Density Residential

Local Area:
? Close proximity to various shopping, educational, childcare centres, community, transport, and recreational facilities
? 15 min drive to Westfield Indooroopilly
? 15 min drive to Orion Springfield
? Brand new Home Co is only 5 min drive
? 5 min drive to Inala Plaza
? 5 min drive to Forest Lake Shopping Centre
? 5 min drive to Richlands Railway Station
? Ipswich Motorway easily accessible
? 5 mins to Centenary Highway
? 30 mins to Brisbane Airport
? Nearby childcare centres

Don't miss out on this amazing development opportunity, contact us for further details!

Please Note: The graphic overlays on the photos are an indication only. All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions. Interested parties should make their own enquiries and obtain their own legal advice.

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Property History for 17 Vietnam St, Inala, QLD 4077

A timeline of how this property has performed in the market
Last Sold
$2,300,000
25 Mar 2024
  • 25 Mar 2024
    Sold for $2,300,000
  • 22 Feb 2023
    Listed for Sale POA
  • 11 Jul 2022
    Sold for $1,950,000
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About Inala 4077

The size of Inala is approximately 6.3 square kilometres. It has 22 parks covering nearly 9.6% of total area. The population of Inala in 2011 was 13,795 people. By 2016 the population was 14,853 showing a population growth of 7.7% in the area during that time. The predominant age group in Inala is 0-9 years. Households in Inala are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Inala work in a labourer occupation. In 2011, 42.4% of the homes in Inala were owner-occupied compared with 41.4% in 2016.

Inala has 5,430 properties. Over the last 5 years, Houses in Inala have seen a 104.77% increase in median value, while Units have seen a 90.37% increase. As at 31 October 2024:

  • The median value for Houses in Inala is $707,243 while the median value for Units is $465,566.
  • Houses have a median rent of $500.
There are currently 31 properties listed for sale, and 11 properties listed for rent in Inala on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Inala.

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